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Investor Presentaiton

2022 Guidance (Adjusted for Dispositions) 2022 Guidance Details Ovintiv™ Oil & Condensate (Mbbls/d) NGLS C2-C4 (Mbbls/d) Natural Gas (MMcf/d) Capital ($ MM) Total Costs ($/BOE) 3Q22 178-183 80-84 1,440 - 1,500 $450 - $500 - $16.50 $17.00 $100 WTI & $8 NYMEX 2022 Capital Program Rigs Capital (SMM) Net TILS Permian 3 $650-$700 60-65 Anadarko 2 $350-$400 55-60 Montney 2-3 $300 $350 60-65 Bakken 2 $200-$250 25-30 4Q22 180-187 FY22 177-180 80-84 1,440-1,500 $300 $350 - $16.75 $17.25 @$100 WTI & $8 NYMEX 82-84 1,450 - 1,475 $1,700 $1,800 $16.35 $16.60 Corporate Items Market Optimization (Cash Flow³) Corporate G&A (Excluding LTI) Less Sublease Revenue Corp. G&A Less Sublease Rev. Interest Expense on Debt Consolidated DD&A Quarterly Run Rate $30 - $35 MM $64 $68 MM ~$18 MM $46 $50 MM ~$60 MM ~$6/BOE T Non-GAAP measures defined in advisories. For additional information regarding non-GAAP measures see the Company's website. 16
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